617: The #1 Shift We Implemented with Our Team in Order to Transfer Ownership and Delegate

The interesting thing about any mistake is that it’s not always detrimental when you do it at the beginning, but holding onto it can sometimes prevent you from future success! At a recent conference we spoke at, we were asked about some of the biggest mistakes we have made in our business; and one of the things we highlighted was structuring our business according to task-based activities, rather than bringing in a team of permanent employees with outcome-based deliverables.  It can be frustrating to hire a whole team of contractors and you still feel like you’re bearing the brunt of everything that keeps your business moving forward but, unfortunately, it’s also unavoidable! Until you make the move toward bringing employees on to share in your vision, this has to be the case. Sharing too much of that burden with your contractors can lead to burnout and inefficiency, especially as a woman-led business and, while we totally get that there are major problems with the ‘Rise and Grind’ culture, we believe it’s equally problematic not to do anything in your business. Unless you’re willing to drop some major capital at the risk of never seeing a return, you absolutely have to get involved. Stop comparing yourself to Jeff Bezos! You can’t compare your small business with the big guns in Silicon Valley because you just don’t have the same resources that they do. We encourage you to keep that in mind when you’re structuring your team and mapping out your own role. Creating outcomes for your employees is one of the most efficient ways to start this process. Not all metrics are quantifiable, which is why you have to be as clear about your expectations as you can. In today’s episode, we outline some of the small changes that can make all the difference and share some of the shifts we implemented in our own team in order to transfer ownership and delegate, so make sure not to miss it! Thank you for listening! Please subscribe, rate and review The Strategy Hour Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated. For show notes go to thestrategyhour.com.